Kenya Bond Market Update: 18 September 2024

Published on
September 18, 2024
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The results of the re-opened FXD1/2024/10Yr and FXD1/2016/20Yr will be published by the Central Bank of Kenya later on today. Until then, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Below are the two-way quotes for the benchmark tenors:
 
Indicative Two-Way Quotes - Benchmark Tenors
Benchmark Tenor Bid (%) Offer (%) Mov (t-t0)%
1Yr 16.80 16.50 -0.15
2Yr 17.50 17.00 -0.25
5yr 18.00 17.70 -0.10
10yr 17.00 16.50 0.20
15yr 16.50 16.00 0.00
20yr 16.50 16.00 0.00
25yr 16.50 16.00 0.00
Below are details of the two-way quotes for the infrastructure bonds and the key rates:
 
Indicative Two-Way Quotes - IFB Series
IFB series Maturity Bid (%) Offer (%) Mov (t-t0)%
IFB1/2017/7 (IFB13) Nov-24 15.50 15.00 0.00
IFB1/2016/9 (IFB10) May-25 16.00 15.00 0.00
IFB1/2015/12 (IFB8) Mar-27 15.50 15.00 0.00
IFB1/2017/12 (IFB12) Feb-29 16.00 15.00 0.00
IFB1/2016/15 (IFB11) Oct-31 16.50 16.00 0.00
IFB1/2018/15 (IFB14) Jan-33 16.50 16.00 0.00
IFB1/2018/20 (IFB15) Oct-38 16.50 16.00 0.00
IFB1/2019/25 (IFB16) Feb-44 16.50 16.00 0.00
IFB1/2019/16 (IFB17) Oct-35 16.50 16.20 0.00
IFB1/2020/9 (IFB18) Apr-29 16.50 16.00 0.00
IFB1/2020/6 (IFB19) May-26 16.50 16.00 0.00
IFB1/2020/11 (IFB20) Aug-31 17.00 16.00 0.00
IFB1/2021/16 (IFB21) Jan-37 17.00 16.50 0.00
IFB1/2021/18 (IFB22) Mar-39 17.10 16.50 0.00
IFB1/2021/21 (IFB23) Aug-42 17.20 16.50 0.00
IFB1/2022/19 (IFB24) Jan-41 17.10 16.50 0.00
IFB1/2022/18 (IFB25) May-40 17.00 16.50 0.00
IFB1/2022/14 (IFB26) Oct-36 17.00 16.50 0.00
IFB1/2022/6 (IFB27) Nov-28 16.50 16.00 0.00
IFB1/2023/17 (IFB28) Feb-40 16.85 16.50 -0.20
IFB1/2023/7 (IFB29) Jun-30 16.90 16.30 -0.05
IFB1/2023/6.5 (IFB30) May-30 16.55 16.30 -0.30
IFB1/2024/8.5 (IFB31) Aug-32 16.90 16.60 -0.10
 
 
Key  Interest Rates   Mov (bps)
O/N Interbank 12.6825% -0.07
91 Day T-bill 15.7502% -1.75
182 Day T-bill 16.6248% -0.07
364 Day T-bill 16.8168% -0.60
Central Bank Rate (CBR) 12.75% -25.00
Inflation 4.40% 10.00
Attached are the bond positions available today.
Bond Positions
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